Harmonization of Bylaws with mandatory law provisions

26 October 2010

Today the Board of Directors of Reply S.p.A. – a company listed on the STAR [REY IM] segment – approved the harmonization of the Company Bylaws with the mandatory provisions of Legislative Decree no. 27/2010, concerning the implementation of Directive 2007/36/EC on the exercising of certain rights of shareholders in listed companies, and Legislative Decree no. 39/2010 on the statutory audits of annual accounts and consolidated accounts, as well as following the expiry of the term for the proxy for the increase in the capital previously approved by the Assembly.

The following articles have been modified: art. 5 (Stock Corporation), art. 6 (Stocks and Bonds), art. 7 (Shareholders’ Meeting), 8 (Chairman), art. 12 (Entitlement to Vote), art. 13 (Attendance and representation at the Meeting), art. 14 (Resolutions of the Meeting), art. 16 (Board of Directors), art. 23 (Board of Statutory Auditors) and art. 25 (Audit).

The new text of the Company Bylaws shall be circulated and published on the Company website simultaneously with the application for registration in the Trade Register of the Turin Chamber of Commerce.